Question

If you bought 600 shares of stock for $41 per share, paid a commission.

a) Your total cost is $24,600.
b) Your total cost is $24,660.
c) Your total cost is $24,740.
d) Your total cost is $25,000.

Answer 1

The total cost of buying 600 shares of stock at $41 per share, including commission, is $24,660.

Step-by-step explanation:

To calculate the total cost of buying 600 shares of stock at $41 per share, we need to factor in the commission paid. Let's assume the commission is 1% of the total cost. The formula to calculate the total cost is:

Total Cost = (Number of Shares * Price per Share) + Commission

Using this formula, the total cost would be $24,660. Therefore, option b) Your total cost is $24,660 is correct.